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CSWC, PMT, PNRG, BDGE, AGII, AKRX Expected to Trade Down After Bearish Patterns Develop


Published on 2011-09-01 10:41:42 - WOPRAI
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September 1, 2011 / M2 PRESSWIRE / BUYINS.NET / http://www.squeezetrigger.com is monitoring top technical trading patterns and these stocks are the most likely to trade Down in the coming weeks. CAPITAL SOUTHWEST CORP (NASDAQ:CSWC), PENNYMAC MORTGAGE INVESTMENT (NYSE:PMT), PRIMEENERGY CORP (NASDAQ:PNRG), BRIDGE BANCORP INC (NASDAQ:BDGE), ARGO GROUP INTERNATIONAL (NASDAQ:AGII), AKORN INC (NASDAQ:AKRX) are all expected to go Down as Bearish signals have been generated by top technical trading patterns. We monitor these patterns: Support Break, Support Reversal, Breakaway Gap, Measured Gap, Exhaustion Gap, Resistance Break, Resistance Reversal, Saucer Reversal, Volume Climax, Volume Trend, Fibonacci Reversal, Consolidation Breaks, Trend Line Break,Trend Line Reversal, Candles, Golden Crosses, Death Crosses and more. The chart below displays the stocks expected to go Down along with pattern, strategy and strength ratings.

     Symbol     Company                             Strategy                            Pattern Name            Strength  
     CSWC       CAPITAL SOUTHWEST CORP              Trending (Stocks) DO                Saucer                  4         
     PMT        PENNYMAC MORTGAGE INVESTMENT        Reversal (Stocks) DWC               Trend Line Break(3)     4         
     PNRG       PRIMEENERGY CORP                    Breakout (Stocks) DO                Support Reversal(2)     5         
     BDGE       BRIDGE BANCORP INC                  Breakout (Stocks) DO                Broadening Reversal     5         
     AGII       ARGO GROUP INTERNATIONAL            Breakout (Stocks) DO (+1)           Wedge, Falling Continuation     5         
     AKRX       AKORN INC                           Reversal (Stocks) DWC               Trend Line Reversal(3)     3         
Chart Pattern Recognition is based on a 20-year patterns database. This database is used to determine pattern strength for patterns as they appear. There is no optimization and the pattern signals never change. For each pattern variation, we record accuracy and profitability statistics in a patterns database. From this information, we are able to define strength ratings from 1 to 5. The '1' rating shows ALL patterns while a '5' rating shows the best patterns according to profitability. Each pattern has its own strength rating factors. The result is an automatic ranking system that allows us to only show the BEST patterns. You can see that, at Strength 5, virtually all the patterns are profitable. The pattern strength rating system separates the most profitable patterns. The specific technology used to make these predictions is available for a low monthly fee at: http://www.squeezetrigger.com/services/sw/ot.php

CAPITAL SOUTHWEST CORP (NASDAQ:CSWC) - Capital Southwest Corporation is a public investment firm specializing in venture capital and private equity investments in small and medium sized businesses. It does not invest in startups, publicly traded companies, real estate developments, project finance opportunities, oil and gas exploration businesses, troubled companies, turnarounds, and companies in which significant senior management is departing. The firm provides equity financing for expansion, growth capital, acquisition financings, management buyouts, and recapitalizations. It also provides capital to early stage companies. The firm invests in diverse industries across the United States with a focus on the Southwest, Southeast, Midwest and Mountain Regions. It seeks to invest between $5 million and $15 million and can co-invest up to $40 million. The firm prefers to invest in companies with revenues and enterprise values between $5 million and $100 million and an EBITDA between -$1 million and $10 million. It prefers to take long term position of 20 years in its portfolio companies and also acquires minority ownership stakes between 20 percent and 45 percent. The firm also provides follow-on financing. Capital Southwest Corporation was founded in 1961 and is based in Dallas, Texas.

PENNYMAC MORTGAGE INVESTMENT (NYSE:PMT) - PennyMac Mortgage Investment Trust is based in the United States.

PRIMEENERGY CORP (NASDAQ:PNRG) - PrimeEnergy Corporation, through its subsidiaries, engages in the acquisition, exploration, development, and production of crude oil and natural gas in the United States. Its primary properties are located in Texas, Oklahoma, West Virginia, the Gulf of Mexico, New Mexico, Colorado, and Louisiana. The company also provides well-servicing support operations, site-preparation, and construction services for oil and gas drilling and reworking operations, as well as contract services for third parties. In addition, it engages in the acquisition of producing oil and gas properties through joint ventures with industry partners. As of December 31, 2009, the company had proved reserves of 82 billion cubic feet of gas equivalent; operated 1,600 oil and gas wells; and owned non-operating interests in approximately 821 additional wells. PrimeEnergy Corporation was founded in 1973 and is based in Stamford, Connecticut.

BRIDGE BANCORP INC (NASDAQ:BDGE) - Bridge Bancorp, Inc. operates as the holding company for The Bridgehampton National Bank that provides a range of commercial and consumer banking services in eastern Long Island, New York. The company provides a range of deposit products, including savings deposits, NOW accounts, money market deposits, certificates of deposit, demand deposits, and time deposits. Its loan portfolio comprises commercial real estate loans, home equity lines of credit, construction loans, residential mortgages, real estate mortgage loans, financial and agricultural loans, and secured and unsecured commercial and consumer loans. The company also offers merchant credit and debit card processing, automated teller machines, cash management, lockbox processing, online banking, and remote deposit capture services, as well as safe deposit boxes and individual retirement accounts. In addition, it operates as a broker of title insurance services. The company principally serves small businesses, municipal relationships, and consumer relationships in the towns of East Hampton, Southampton, Southold, and Riverhead of Suffolk County. As of June 30, 2010, it operated 17 retail branches in Suffolk County, Long Island. Bridge Bancorp, Inc. was founded in 1910 and is headquartered in Bridgehampton, New York.

ARGO GROUP INTERNATIONAL (NASDAQ:AGII) - Argo Group International Holdings, Ltd., through its subsidiaries, engages in underwriting specialty insurance and reinsurance products in the property and casualty market worldwide. It operates in four segments: Excess and Surplus Lines, Commercial Specialty, Reinsurance, and International Specialty. The Excess and Surplus Lines segment underwrites liability, property, and automobile coverage; and offers policies for medical facilities within the social services, miscellaneous healthcare, and long term care markets. This segment also provides package policies for environmental consultants and contractors, storage tanks, and dry cleaners pollution liability, as well as other environmental related liability exposures; coverages for architects and engineers, accountants, and insurance agents; and primary casualty and excess/umbrella coverages. The Commercial Specialty segment offers property, casualty, and surety coverages; and underwrites business coverage for small commercial businesses, including office, retail operations, light manufacturing, services, and restaurants. It also offers general liability, automobile liability, automobile physical damage, inland marine, crime, public officials liability, educators legal liability, employment practices, law enforcement liability, environmental liability, lawyers professional liability, student accident, police and firefighters accident, inmate medical, and tax interruption coverages. The Reinsurance segment covers the claims arising from catastrophes, such as hurricanes, windstorms, hailstorms, earthquakes, volcanic eruptions, fires, industrial explosions, freezes, riots, floods, and other man-made or natural disasters. The International Specialty segment underwrites property and non U.S. liability insurance on behalf of underwriting syndicates. The company was founded in 1986 and is based in Pembroke, Bermuda.

AKORN INC (NASDAQ:AKRX) - Akorn, Inc., a generic pharmaceutical company, engaged in the development, manufacture, and marketing of multi-source and branded pharmaceutical products in the areas of ophthalmology, antidotes, anti-infectives, and controlled substances for pain management and anesthesia in the United States and internationally. The companys Ophthalmic segment markets diagnostic products, including mydriatics and cycloplegics, anesthetics, topical stains, gonioscopic solutions, and angiography dyes, which are used in the office setting. It also sells therapeutic products, such as antibiotics, anti-infectives, steroids, steroid combinations, glaucoma medications, decongestants/antihistamines, and anti-edema medications to wholesalers, chain drug stores, and other national account customers. In addition, this segment offers non-pharmaceutical products, including various artificial tear solutions and preservative-free lubricating ointments. The company's Specialty Therapeutics and Injectable segment markets hospital drug and injectable pharmaceutical products, including antidotes, anti-infectives, and controlled substances for pain management and anesthesia; and other pharmaceutical products. This segment markets products to hospitals through the wholesale distribution channel. Its Contract Service segment manufactures aseptic filled and terminally sterilized ophthalmic and injectable pharmaceutical products for third party pharmaceutical customers. The companys customers include physicians, optometrists, hospitals, surgery centers, clinics, long-term care, wholesalers, group purchasing organizations, retail pharmacies, and other pharmaceutical companies. Akorn, Inc. was founded in 1971 and is headquartered in Lake Forest, Illinois.

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